May 27, 2016

From Bloomberg Oil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Futures slipped 0.3 percent in New York. Suncor Energy Inc. is seeking to return most of its workers by next week and begin startup of oil-sands facilities that were shut down by forest fires, according to people with knowledge of the

From Bloomberg Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase “in the coming months,” stopping short of giving an explicit hint that the central bank would act in June. “It’s appropriate — and I’ve said this in the past — for the Fed to gradually and cautiously increase our

From Bloomberg Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy of squeezing rival producers is succeeding. By stifling high-cost suppliers, the Saudi approach has now almost eradicated the global oversupply, spurring a price rally of 80 percent since January.

Eco-Stim Energy Solutions Awarded New Contract for Well Stimulation and Coiled Tubing Businesses HOUSTON, TX and NEUQUEN CITY, ARGENTINA–(Marketwired – May 26, 2016) – Eco-Stim Energy Solutions, Inc. (NASDAQ: ESES) (“EcoStim” or the “Company”) announced today that it has been awarded a new contract with one of the largest and most active privately owned oil and gas operators in Argentina.